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《Systems Engineering》 2011-04
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Relationship between SMEs' Financial Structure and Growth—Taking Listed Companies in China for Examples

OUYANG Shu,CHEN Xiao-hong,HAN Wen-qiang(School of Business,Central South University,Changsha 410083,China)  
This paper uses Z value model to measure the SME financing risks,and empirically study the relationship between the financial structure and growth of Small and Medium-sized Listed Companies in China.The results show that as for the small and medium-sized listed companies whose Z2.4, debt financing risk is low,that there is a significantly positive correlation between their financial structure and their growth,and that these companies are appropriate for the use of debt financing;as for the small and medium-sized listed companies whose Z2.09,debt financing risk is high,that there is a significantly negative correlation between their financial structure and their growth,and that these companies are not appropriate for the use of debt financing.
【CateGory Index】: F275
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